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Saturday, November 21, 
7:13 pm

International Bank Watch: Barclays and HSBC sink

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Yes, the stock market gloom is global. Asian markets sunk as the Nikkei lost almost 7% while the FTSEurofirst 300 index was down 5.5% at 767.62 points. Banks stocks were mixed.

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Barclays plc is still down on news that its $10.6 billion fundraising deal will be approved. The bank is also suing Ritchie Capital Management and Thane Ritchie for apparently concealing more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates, according to Bloomberg. Meanwhile, HSBC Holdings plc stocks also remain on decline as recession concerns escalate. After a rough week, Lloyds TSB Group plc is back up after shareholders approved the HBOS plc deal. - Maria Woehr

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Troubled International Banks
Prices at 12:00 pm EDT
Name Open Price at
12:00pm
Change Mkt cap
UBS 9.39 9.30 0.02 26.38B
Barclays plc 125 127.70 -1.90 10.68B
BNP Paribas SA 36.5 36.50 0.26 32.65B
Deutsche Bank AG
24.33 24.35 -1.42 13.28B
Royal Bank of Scotland Group plc 13.67 13.54 1.34 26.71B
Royal Bank of Canada 40.2 38.53 -2.66 51.67B
HSBC Holdings plc 650 632.00 -9.50 76.53B
Lloyds TSB Group plc
115.1 125.30 6.80 7.58B
Standard Chartered plc 715 737.00 2.00 10.50B
Toronto-Dominion Bank 48.5 47.09 -2.84 38.01B
Mitsubishi UFJ Financial Group Inc. 4.84 4.90 -0.03 54.23B
Source: The Deal

 

















































































































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